Mixed options sentiment in Occidental Petroleum (OXY), with shares down $1.27 near $64.97. Options volume running well above average with 185k contracts traded and calls leading puts for a put/call ratio of 0.4, compared to a typical level near 0.27. Implied volatility (IV30) dropped 1.47 near 42.61, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.74. Put-call skew steepened, indicating increased demand for downside protection.
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Read More on OXY:
- Occidental price target raised to $67 from $45 at Citi
- Occidental price target raised to $73 from $53 at Morgan Stanley
- Occidental up 4% after report of CEO readying exit
- Occidental CEO Hollub preparing to retire, Reuters reports
- Mixed options sentiment in Occidental Petroleum with shareslittle changed